Used motor vehicle dealers, wholesale used motor vehicle dealers, used motor vehicle rebuilders, and used motor vehicle auctioneers. Required when: Application for or renewal of a used motor vehicle dealer license. Exemptions: Franchised (new) motor vehicle dealers who hold a valid license issued by the Oklahoma Motor…
Overview
What it is.
Used motor vehicle dealers, wholesale used motor vehicle dealers, used motor vehicle rebuilders, and used motor vehicle auctioneers. Required when: Application for or renewal of a used motor vehicle dealer license. Exemptions: Franchised (new) motor vehicle dealers who hold a valid license issued by the Oklahoma Motor…
Who usually needs it
Used motor vehicle dealers, wholesale used motor vehicle dealers, used motor vehicle rebuilders, and used motor vehicle auctioneers.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateOKBond amount$25,000Term length2 yearsObligeeOklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing CommissionRenewalThe bond must be renewed biennially to coincide with the license term, which expires on December 31st of every odd-numbered year.Bond classLicense BondCategoryMotor VehicleBondUsed Motor Vehicle Dealer's Surety BondStatutory reference47 O.S. § 583JurisdictionState
